Pearson, the media group, has confirmed that it is to sell all or most of its 9.75% direct holding in BSkyB, following an announcement in July that it hoped to.
145.8 million shares are being offered to be sold (an 8.5% holding) and the maximum number of shares that will be sold is 167.2 million shares (9.75%).
Following the completion of the offering, over 25% of BSkyB shares will be made publicly available for investment. According to Pearson, this would make BSkyB eligible for inclusion in the FT-SE Actuaries Share Indices.
Pearson needs to obtain prior shareholder approval before the disposal can take place; a circular will be sent to shareholders tomorrow, to coincide with their 1995 interim results, and an Extraordinary General Meeting will be held on 5th September.
Pearson: 0171 411 2000
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